Live Nation Inc. Reveals Drop In Q2 Bottom Line

(RTTNews) - Live Nation Inc. (LYV) reported earnings for second quarter that declined from the same period last year.

The company's bottom line came in at $69.36 million, or $0.24 per share. This compares with $81.48 million, or $0.29 per share, in last year's second quarter.

Analysts had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.1% to $2.87 billion from $2.68 billion last year.

Live Nation Inc. earnings at a glance:

-Earnings (Q2): $69.36 Mln. vs. $81.48 Mln. last year. -EPS (Q2): $0.24 vs. $0.29 last year. -Analysts Estimate: $0.19 -Revenue (Q2): $2.87 Bln vs. $2.68 Bln last year.